6 months ago
Bitcoin (BTC) mining economics continued to amended this month, arsenic the hashprice, a measurement of regular profitability, roseate 5% from the extremity of November, JPMorgan (JPM) said successful a probe study Monday.
The hashprice accrued arsenic the rally successful the world's largest cryptocurrency outpaced the emergence successful the web hashrate, the study said. The hashrate is simply a proxy for contention successful the manufacture and mining difficulty.
The web hashrate has accrued 6% month-to-date to an mean of 773 exahashes per 2nd (EH/s), the slope noted.
"We enactment miners earned astir $57,300 successful regular artifact reward gross per EH/s implicit the archetypal 2 weeks of December," analysts Reginald Smith and Charles Pearce wrote, adding that this is the highest level successful the past 7 months, but is inactive astir 40% beneath pre-halving levels.
The combined hashrate of the fourteen U.S.-listed miners the slope tracks has accrued astir 94% year-to-date to 222 EH/s and present accounts for astir 29% of the planetary network, the slope said.
The full marketplace headdress of the miners the slope tracks fell 4% oregon $1.5 billion, having accrued much than 50% pursuing the U.S. statesmanlike election.
The slope estimated that the U.S.-listed miners are presently trading connected astir 2 times their proportional stock of the four-year artifact reward opportunity.
Read more: Bitcoin Mining Profitability Improved successful November, JPMorgan Says
English (US) 